Settings8H · net · $10k
Funding arb · Price arb /

ALPINE

all ALPINE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0452%/8h= +49.5% APRnext payment +$2.26 per $10,000 · paid last 24h +0.147%
Price spread now: KuCoin against Binance−0.091%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,727as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,776as in the Price arb table
costs, in and out, $10k−$1,76117.609% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.339%+$34 on $10k
Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.091%, 7d avg +0.057%
Together, before fees+0.469%+$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.149% cheaper against Binance than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.057%). If the spread goes back, that is −$15 on $10k: about 26 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.339% in total) that is about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ALPINEUSDT0.35640.0310pay 0.0155% / 4h2h 27m$1.6M$773K10x
ShortKuCoin ALPINEUSDTM0.35610.0762get 0.0381% / 4h2h 27m$233K$538K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$94.87
Price spread: −0.091% → +0.057%
−$14.86
Slippage, 4 orders
−$1,738.88
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,680.88
Costs to cover
17.609%
Break-even
131.0 days
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago4.22 bp45.7 bp −$46843.5 bp −$8,435doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago12.67 bp788.0 bp −$788doesn't fitdoesn't fitdoesn't fit

ALPINE on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ALPINEUSDT+0.0100%4h0.3557−0.204%$157K$29K25xas long as short
Variational Omni ALPINE+0.0100%4h0.3558−0.163%$5K$1as long as short
MEXC ALPINE_USDT+0.0290%4h0.3563−0.035%$172K$102K50xas long as short
BingX ALPINE-USDT+0.0292%4h0.3562−0.063%$1.2Mas long as short
Gate ALPINE_USDT+0.0295%8h0.3556−0.232%$69K$20K25xas long as short
Binance ALPINEUSDTlong+0.0310%4h0.3564long leg$1.6M$773K10x
KuCoin ALPINEUSDTMshort+0.0762%4h0.3561−0.091%$233K$538K10x